Forum Financial Management LP Has $610,000 Stock Position in United Rentals, Inc. $URI

Forum Financial Management LP grew its position in shares of United Rentals, Inc. (NYSE:URI) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 810 shares of the construction company’s stock after acquiring an additional 39 shares during the quarter. Forum Financial Management LP’s holdings in United Rentals were worth $610,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of United Rentals by 5.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the construction company’s stock worth $199,000 after buying an additional 13 shares in the last quarter. Cooper Financial Group lifted its holdings in shares of United Rentals by 1.6% during the second quarter. Cooper Financial Group now owns 807 shares of the construction company’s stock worth $608,000 after buying an additional 13 shares in the last quarter. American Trust lifted its holdings in shares of United Rentals by 1.1% during the first quarter. American Trust now owns 1,242 shares of the construction company’s stock worth $778,000 after buying an additional 14 shares in the last quarter. CX Institutional lifted its holdings in shares of United Rentals by 2.5% during the second quarter. CX Institutional now owns 585 shares of the construction company’s stock worth $441,000 after buying an additional 14 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its holdings in shares of United Rentals by 2.9% during the second quarter. Rehmann Capital Advisory Group now owns 563 shares of the construction company’s stock worth $424,000 after buying an additional 16 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on URI. BNP Paribas set a $900.00 target price on United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Morgan Stanley lifted their target price on United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Baird R W raised United Rentals from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Truist Financial set a $1,169.00 price target on United Rentals in a research report on Friday. Finally, Royal Bank Of Canada set a $1,123.00 price target on United Rentals in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and an average target price of $963.29.

United Rentals Stock Down 0.0%

Shares of NYSE URI opened at $914.17 on Friday. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.80 and a current ratio of 0.90. The stock’s fifty day moving average is $956.27 and its 200 day moving average is $810.23. The stock has a market capitalization of $58.17 billion, a P/E ratio of 23.51, a PEG ratio of 2.11 and a beta of 1.73.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the previous year, the firm posted $11.80 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. United Rentals has set its FY 2025 guidance at EPS. Sell-side analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be given a $1.79 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is currently 18.52%.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.